By Elizabeth Dwoskin and Gopal Ratnam – As the Army’s logistics chief for the Iraq drawdown, it’s U.S. Army Major General Thomas Richardson’s job to tally all the equipment and supplies the Pentagon has shipped to Iraq over eight years of war, and to make sure none is inadvertently left behind on Dec. 31, the day the U.S. officially clears out. When he took the assignment in September 2010, the Army had identified just over 2 million items at 92 bases that had to be sent back to the U.S., moved to Afghanistan, sold, given away, or destroyed. He estimated it would take about 20,000 truckloads to get all of it.
Richardson’s bigger challenge is finding takers for all the things the military no longer wants. An Alabama school district happily took eight used trombones and clarinets. U.S. towns and counties can petition the Pentagon for some of the leftovers and pay only shipping costs. Cleveland County, Okla., paid $42,000 for a used Caterpillar (CAT) bulldozer that is now clearing roads and public parks. A volunteer fire department in South Dakota bought advanced firefighting equipment it otherwise could not have afforded… more> http://twurl.nl/lgbxv3
Posted in Economic development, Economy, Transportation
Tagged Afghanistan, Alabama, Caterpillar, Government, Iraq, Organization, Pentagon, South Dakota, United States, United States Army
By Robert J. Samuelson – Europe has entered an economic and political purgatory from which there is no early escape.
Any hint that a country might dump the euro would trigger runs on banks, as depositors would seek to withdraw their euros. Banks would collapse. Deprived of buyers for their debt, countries would default. This would impose further losses on banks inside and outside the defaulting country. Without viable banks, borrowers would be starved for credit.
The logic is plain. If debtors need rescuing, then the rescuers ought to have some say over the policies that might cause trouble. The potential for intrusiveness — and resentment — is obvious. Brussels might order tax increases or spending cuts. National sovereignty over basic political choices is being outsourced.
So Europe is trapped in purgatory. more> http://twurl.nl/q7w3e1
- Saving Euro Produced Sarkozy Rage as Merkel Bent Banks in Six-Day Marathon (theneteconomy.wordpress.com)
- The euro crisis comes to a head (theneteconomy.wordpress.com)
- Are the leaders in the ‘New European Union’ clueless? LinkedIn discussion
- Europe’s clueless economic solutions, Harold Meyerson, Washington Post
- Leaders Grow Further Apart on Solutions, Bernd Radowitz, Christopher Emsden and William Horobin, Wall Street Journal
- The Euro Zone’s Double Failure, Martin Feldstein, Wall Street Journal
- Europe’s Mission Hardly Accomplished, George L. Perry, Brookings
- Europe’s central banking issues, Report from Paris – 3 (ritholtz.com)
- Banks Face Crisis Of Confidence, As Europe Falls Further (huffingtonpost.com)
Posted in Banking, Economy
Tagged Angela Merkel, Bank, Currency, Deficit, European Central Bank, European Union, Financial crisis, Greece, Nicolas Sarkozy, United States
By Charles Murray – A coalition of automakers and automotive suppliers said recently that they are forming a special interest group (SIG) aimed at driving broad-scale adoption of Ethernet in vehicles, largely to serve the expected boom of camera-based applications in cars. At the same time, NXP Semiconductors announced that it is licensing Broadcom Corp.’s BroadR-Reach Ethernet technology, which would enable automakers to run a two-wire, twisted-pair type of Ethernet, instead of the four-wire type we’ve come to know in laptops. more> http://twurl.nl/vbawo2
Posted in Economic development, Net, Product, Technology, Transportation
Tagged Automotive industry, Broadcom, BroadR-Reach Ethernet, Data Communications, Electronics, Ethernet, Net evolution, NXP Semiconductors, Special Interest Group, Test & measurement
CONGRESS WATCH Saving The Post Office, [VIDEO 7:00] US Senate Postal Service Reschedules Meeting on White River Junction Processing Plant, US Senate Related articles Updates from Senator Bernie Sanders (theneteconomy.wordpress.com) Updates from Senator Bernie Sanders (theneteconomy.wordpress.com) Updates from Senator Bernie … Continue reading